Federated Farmers hails rural banking report
Federated Farmers says the final report into banking competition is a significant step forward for rural New Zealand - and a vindication of the farming sector's concern.
The Government's decision to push through its 'Three Waters' reforms despite widespread opposition is being slammed by farmers and politicians.
Federated Farmers president Andrew Hoggard says the government's announcement that Three Waters will be mandatory is a huge call.
"Federated Farmers, a majority of local authorities and many New Zealanders have voiced serious misgivings over the government's plans for council three waters assets to be transferred to four new mega entities," says Hoggard.
“We remain opposed to this plan.”
Local Government Minister Nanaia Mahuta confirmed the Government will create four publicly owned water entities.
Mahuta claims this will ensure every New Zealander has access to affordable, long-lasting drinking, waste and storm water infrastructure without ballooning costs to households and families.
“The case for change is too compelling to ignore,” she says.
“It is clear that without the establishment of these publicly-owned entities we will continue to see a frail network and contaminated water in many communities. To delay will only push the problem on, increase future household costs and put livelihoods at risk,” says Mahuta.
But Hoggard says a working group of local government, iwi and water industry experts being set up to work through design of how the new entities will operate will have its work cut out to allay a multitude of concerns.
He wants rural residents concerned about the future of their water, sewerage and stormwater infrastructure should gear up to have their say.
"Top of the list for Federated Farmers are issues around governance and accountability. The complexity of rural water scheme ownership and operations has got rural people worried.
"How will the new entities ensure the needs of smaller and rural communities are not crowded out when setting investment priorities and plans?
"The proposed arms-length governance arrangements with directors appointed by panel, which are in turn appointed by yet another panel, weaken the accountability of water service entities to communities," Hoggard said.
ACT Party has vowed to reverse the reforms should it be part of the next Government.
ACT's Local Government spokesperson Simon Court says Mahuta fails to understand that the plan is being opposed by many stakeholders.
“ACT will be campaigning to return stolen property to councils, reversing Three Waters reforms and restoring democracy to New Zealand”, says
“If Labour steals it, ACT will give it back.
“It doesn't occur to Nanaia Mahuta that if people don't like her plan, maybe they're trying to tell her something, like it's a stupid plan that doesn't stack up and won't work.
“Because Mahuta is totally unable to take on board feedback, or understand how implausible her plan's benefits are, she is now forcibly taking council assets.”
Federated Farmers says the final report into banking competition is a significant step forward for rural New Zealand - and a vindication of the farming sector's concern.
Fonterra chair Peter McBride expects a strong mandate from farmers shareholders for the proposed sale of its consumer and related businesses to Lactalis for $3.8 billion.
Fonterra chief executive Miles Hurrell says the sale of the co-op’s consumer and associated businesses to Lactalis represents a great outcome for the co-op.
The world’s largest milk company Lactalis has won the bid for Fonterra’s global consumer and associated businesses.
Fonterra has increased its 2024/25 forecast Farmgate Milk Price from $10/kgMS to $10.15/kgMS.
It took a stint at university to remind Otago dairy farmer Megan Morrison that being stuck in a classroom was not for her.